Question 2 Which of the following describes a variable expense? O The expense acts in a direct relationship with sales volume. If the quantity sold goes up by one unit, the expense also goes up by one unit of expe O O Sales volume and the expense have a linear relationship. All of the above
Homework Answers
| q1) answer : Variable |
| This is because only under variable cost all the elements increases with the every increase of a unit production. |
| q2) answer : All of the above |
| This is because all the other options have same meaning that variable cost vary with quantity. |
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Question 1 Which of the following are action traits of expenses? O variable fixed O semi-variable O all of the abo...
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Which of the following is not one of the assumptions underlying cost-volume-profit analysis? Select one: O...
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which of the following is most likely to be variable cost QUESTION 4 Which of the...
which of the following is most likely to be variable
cost
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1. Which of the following must be true when average total cost is decreasing? Average fixed...
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QUESTION 7 Which of the following statements is correct with regard to a CVP (Cost, Volume, Profit) graph? 1.A CVP graph shows the maximum possible profit. 2.A CVP graph shows the break-even point as the intersection of the total sales revenue line and the total expense line 3.A CVP graph assumes that total expense varies in direct proportion to unit sales. 4.A CVP graph shows the operating leverage as the gap between total sales revenue and total expense at the...
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Which of the following is not one of the assumptions underlying cost-volume-profit analysis? Select one: O A. Production equals sales. O B. All costs can be segregated into fixed and variable components. O C. The selling price increases or decreases with changes in sales volume. O D. Costs are linear.
which of the following is most likely to be variable
cost
QUESTION 4 Which of the following is most likely to be a variable cost? O A. Rent for CEO's office OB. Depreciation on production equipment O C. Cost of merchandise O D. Factory supervisor's salary 2.5 p QUESTION 8 Gamma Company has a selling price of $3/unit, unit variable costs of $2/unit and total fixed costs of $1,000. Current sales revenue is $12,000. What is the margin of safety...
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